H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has reviewed the Economic Security Center of Dubai’s strategic plan for 2025-2030. This new strategy is designed to enhance Dubai’s economic stability and growth by identifying investment opportunities, addressing economic risks, and protecting society from economic crimes. It aims to reinforce Dubai’s position as a global...
According to WAM, the UAE has been recognized as the top destination in the Arab world for investment and business in the automotive sales sector for 2024, according to the Arab Investment and Export Credit Guarantee Corporation (Dhaman). This finding was part of Dhaman’s fourth sectoral report for 2024, which highlights the significant investment activity...
Dubai’s IFZA Free Zone has partnered with Abu Dhabi Islamic Bank (ADIB) to offer innovative financial solutions to businesses in its ecosystem. The agreement, signed during a ceremony at IFZA, aims to simplify banking processes and provide tailored services to entrepreneurs and investors. The collaboration includes streamlined account opening, customized financing, and access to ADIB’s...
Tokinvest, a marketplace for real-world asset investments, has become the first company within Dubai’s DMCC International Business District to receive a full market licence from the Dubai Virtual Assets Regulatory Authority (VARA). This licence allows Tokinvest to operate as a virtual asset broker-dealer, catering to retail, qualified, and institutional investors both in Dubai and internationally....
Sharjah Economic Development Department (SEDD) Chairman, Hamad Ali Abdullah Al Mahmoud, recently reviewed the progress of the “Digital Warehouses” project, a key initiative under the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad). The project had showcased its potential at the Global Startup Festival COMEUP in Seoul, Korea. During a meeting at the SEDD headquarters, the...
Abu Dhabi-based investment firm ADQ has teamed up with Oman Investment Authority (OIA) to launch a $180 million technology-focused fund called the ‘Jasoor Fund.’ The fund is designed to boost Oman’s digital economy and support tech startups in the wider Middle East. As part of this initiative, the Jasoor Fund will focus on high-growth technology...
The Dubai Land Department (DLD) has announced a new initiative allowing private property owners in parts of Sheikh Zayed Road and Al Jaddaf to convert their properties to freehold ownership. This move is expected to boost the appeal of these locations, attract fresh investments, and enhance property values in the areas. A total of 457...
Dubai property buyers are increasingly drawn to locations where government initiatives are enhancing infrastructure, particularly the road network. The recent developments, including the Dubai Metro’s Blue Line and other road projects, are making properties in these areas more attractive to potential investors. Industry executives emphasize that easy access to major transportation routes and seamless traffic...
Saqr Ghobash, the Speaker of the Federal National Council (FNC), is leading a delegation on an official visit to the Sultanate of Oman. This visit commenced yesterday, January 18, 2025, and will continue until January 21. The primary objective of the visit is to strengthen the fraternal and parliamentary relations between the United Arab Emirates...
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, has approved the results of the 2024 Dubai Government Customer and Employee Happiness Indices. The findings were released alongside the results of the Mystery Shopper survey, showcasing the performance of Dubai’s government entities. The report, published annually by the Dubai Government...